Bond markets are on edge after a sharp sell-off in government debt pushed up financing costs for borrowers around the globe and left many investors wary about buying into fixed income having suffered brutal losses over recent days. For now, primary markets remain open. Dozens of issuers have managed to price deals -some as big as US$6bn - despite the wider sell-off. But there has been a notable drop in demand as many investors choose to sit on the sidelines.
展开▼
